the ten thousand ounces of silver but will we see the exact same thing for example when morgan stanley j.p. morgan or goldman sachs buys credit default swaps on bonds on a country like greece that are worth more if the country goes out of business so they'll buy a few of the bonds in greece but. it doesn't matter if the country goes out of business because a court the fall swaps will make more on the failure of greece so this is an old trick it's been around for quite some time it happens when you have these markets trading on different securities in different ways and different points of leverage and arbitrage opportunities if there was genuinely free open liquid market tend to shrink down to a point where there's not profitable to really go in there and exploit them because that's part of a free market but what we have today is a mess market that's not price discovery were buyers or sellers come in and the result is a price no what we have today is that price is determined before him by wall street for very securities and then they have algorithm program trading come in and do the trades necessa

morgan stanley, goldman sachs, citigroup and j.p. morgan all gained between 2% and 4%. financials got a lift after fitch ratings suggested europe is making progress in solving its debt problems. david riley, the head of fitch's sovereign group, said "the unwinding of the imbalances that led to the crisis is well underway... and the headwinds should begin to ease toward the end of the year." there were also big moves in several retail stocks today. shares of liz claiborne tumbled 13%. the company issued a disappointing financial outlook due to falling sales and the resignation of its chief financial officer. but a different story for lululemon, where shares rose 12%. the exercise apparel company raised its fourth-quarter earnings guidance thanks to strong sales. although the stock has been on a bit of a roller coaster ride, it is up more than 60% in the past year. now take a look at the chart of another upscale retailer, tiffany. its stock fell 10.5% and is trading near year-ago levels. tiffany lowered its full-year earnings outlook on weak holiday sales. the company sai